Sperling v. Euclid B. & L. Ass'n

Opinion by

Mr. Justice Simpson,

In their bill in equity in this case, plaintiffs aver that they were the owners of twenty-five shares of stock in one of the series of the Euclid Building and Loan Association, defendant, upon which they had borrowed $1,600; that payments had been regularly made on said shares until March, 1930, at which time they were worth $200 each, and defendant, by resolution duly passed, had formally declared all the shares in this series matured; that, by reason thereof, plaintiffs became entitled to receive the sum of $3,400, being the par value of these shares less the…